; Anti-Money Laundering Market Size, Industry Share, Forecast, 2031

Anti-Money Laundering Market

Anti-Money Laundering Market Size & Share to Show Highest Growth During Forecast Period 2020-2030

Published on: Jan-2023
Report Code: FG ICT 00903
No. of Pages: 170-350
Report Format: PDF

Market Overview

Anti-Money Laundering market to surpass USD 4.44 billion by 2031 from USD 1.19 billion in 2021 at a CAGR of 14.06% in the coming years, i.e., 2022-31.

Anti-Money Laundering (AML) aims to discourage criminals by making it more difficult for them to conceal their illicit funds. Money laundering is a technique used by criminals to hide their crimes and the proceeds of their crimes. Financial institutions are required under AML rules to monitor their clients' transactions and report any suspicious financial activity.

Market Highlights

Anti-Money Laundering market is expected to project a notable CAGR of 14.06% in 2031

The major factors fueling the Anti-money laundering market include increasing stringent regulations and compliances for AML, increasing focus of financial institutions on digital payment-related issues, and the need to get a holistic view of data to curb financial crimes. Moreover, the increasing adoption of advanced analytics in AML and integration of AI, ML, and big data technologies in developing AML solutions would provide lucrative opportunities for AML Solution vendors. 

Anti-Money Laundering Market: Segments

A segment to grow with the highest CAGR during 2021-31

The anti-Money Laundering market is segmented by Component Type into Solutions and Services. The services segment is anticipated to register the highest growth over the forecast period. Anti-money laundering services include risk rating methodology consulting, advice regarding a range of regulatory issues, system optimizing and tuning, risk assessment, and training. Training is provided to employees to make them understand the various anti-money laundering laws applicable across various industries.

Cloud-based segment to grow with the highest CAGR during 2021-31

Anti-Money Laundering market is segmented by End-user into On-premises, Cloud-based. Over the projection period, the cloud sector is expected to increase at the fastest rate. Anti-money laundering solutions that are deployed in the cloud help companies save money by lowering the cost of creating the necessary IT infrastructure.

Anti-Money Laundering Market: Key Players

  • NICE Actimize

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

  • Tata Consultancy Services Limited
  • Trulioo
  • Cognizant Technology Solutions Corporation
  • ACI Worldwide, Inc.
  • SAS Institute Inc.
  • Fiserv, Inc.
  • Oracle Corporation
  • BAE Systems
  • Accenture

Anti-Money Laundering Market: Regions

Anti-Money Laundering market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The anti-Money Laundering market in North America held the largest market share in 2020. North America is expected to contribute the highest market share in terms of revenues during the forecast period too as it is a technologically advanced region with a high number of early adopters and the presence of major market players. Factors such as the proliferation of inorganic growth strategies among major AML vendors and innovations regarding the implementation of AI, and ML in AML solutions as well as increasing demand for cloud-based AML solutions are expected to drive the demand for the Anti-money laundering market.

ANTI-MONEY LAUNDERING MARKET REPORT ALSO CONTAINS ANALYSIS ON:

Anti-Money Laundering Market Segments:

  • By Component Type:
    • Solution
    • Services
  • By Deployment Mode:
    • On-premises
    • Cloud
  • By Organization Size:
    • SMEs
    • Large enterprises 
  • By End User:
    • Banks and Financials
    • Insurance Providers
    • Gaming & Gambling
  • Anti-Money Laundering Market Dynamics
  • Anti-Money Laundering Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

Frequently Asked Questions (FAQ):

Anti-Money Laundering market to surpass USD 4.44 billion by 2031 from USD 1.19 billion in 2021 at a CAGR of 14.06% in the coming years, i.e., 2022-31.

NICE Actimize, Tata Consultancy Services Limited, Trulioo, Cognizant Technology Solutions Corporation, ACI Worldwide, Inc., SAS Institute Inc., Fiserv, Inc., Oracle Corporation, BAE Systems, Accenture,

Cloud-based segment is anticipated to hold the Anti-Money Laundering Market share

Anti-Money Laundering (AML) aims to discourage criminals by making it more difficult for them to conceal their illicit funds. Money laundering is a technique used by criminals to hide their crimes and the proceeds of their crimes. Financial institutions are required under AML rules to monitor their clients' transactions and report on any suspicious financial activity.

Select License Type

$3199

Report accessible by 1 user only

In case you require a hard copy, there will be an additional charge of $500. Please email us at info@fatposglobal.com with your request

Call us

Research Assistance

US : +1 (716) 218-3733
UK : +44 (208) 1235555



Select License Type

$3199

Report accessible by 1 user only

Sample Request

Client Testimonials

FATPOS CLIENT Appriciation DURING THE PROJECT

Clients